I currently have one account with MBNA ($28,000) with a ridiculous interest rate of almost 22%. How can I get a loan with a lower rate when most banks do not offer this kind of limit?
ohreb (not verified)
Your credit score needs to be good and if there are any negative entries in the report, it will also affect your chance of getting a lower rate loan.
The interest rate MBNA is charging is quiet high. If your score is lower many banks will offer such rates plus your income and other financial commitments will be considered while deciding the rates.
You will have to improve your score which will help to get better rates.
Your credit score needs to be good and if there are any negative entries in the report, it will also affect your chance of getting a lower rate loan.
The interest rate MBNA is charging is quiet high. If your score is lower many banks will offer such rates plus your income and other financial commitments will be considered while deciding the rates.
You will have to improve your score which will help to get better rates.